Amortization Schedule

Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)

Total Payments
$3,164.97
Total Interest
$164.97
Number of Monthly Payments
12
Monthly Payment
$263.75
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$3,000.00$25.00$238.75$2,761.25$25.00$263.75
2$2,761.25$23.01$240.74$2,520.52$48.01$527.50
3$2,520.52$21.00$242.74$2,277.77$69.01$791.24
4$2,277.77$18.98$244.77$2,033.01$88.00$1,054.99
5$2,033.01$16.94$246.81$1,786.20$104.94$1,318.74
6$1,786.20$14.88$248.86$1,537.34$119.82$1,582.49
7$1,537.34$12.81$250.94$1,286.40$132.63$1,846.23
8$1,286.40$10.72$253.03$1,033.37$143.35$2,109.98
9$1,033.37$8.61$255.14$778.24$151.97$2,373.73
10$778.24$6.49$257.26$520.97$158.45$2,637.48
11$520.97$4.34$259.41$261.57$162.79$2,901.22
12$261.57$2.18$261.57$-0.00$164.97$3,164.97